Increases distribution to municipalities from Energy Tax Receipts Property Tax Relief Fund over two years; prohibits anticipation of certain revenue in municipal budget; requires additional aid be subtracted from municipal property tax levy.

This bill aims to provide additional state aid to municipalities through the "Energy Tax Receipts Property Tax Relief Fund." It would restore funding reductions that some municipalities experienced in previous years, with the full restoration occurring over two fiscal years. The bill also changes how municipalities calculate their adjusted tax levy by requiring them to subtract this new aid, which could allow them to lower property taxes.

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